Dec 20, 2006
1:50
For every 50 shares held, investors received 1. The price per share adjusted from $0.10 to $5.00.
The split itself did not change the total investment value.
CHINA GENGSHING MINERALS INC (OTC:CHGS) operates in the Other metals/Minerals industry.
CHINA GENGSHING MINERALS INC company overviewCHINA GENGSHING MINERALS INC's most recent stock split was on December 20, 2006. It was a 1-for-50 reverse split, so shareholders received 1 share for every 50 they held.
CHINA GENGSHING MINERALS INC (OTC:CHGS) has split its stock 2 times: a 1-for-50 reverse split on December 11, 2006 and a 1-for-50 reverse split on December 20, 2006.
CHINA GENGSHING MINERALS INC has split its stock 2 times. This history records 2 reverse splits between December 11, 2006 and December 20, 2006.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In CHINA GENGSHING MINERALS INC's 1-for-50 reverse split on December 20, 2006, every 50 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
CHINA GENGSHING MINERALS INC has not announced a new split in our records. Its most recent split was on December 20, 2006, 19 years ago. Companies announce splits in advance, and any new OTC:CHGS split will appear on this page.
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